EVERSPIN TECHNOLOGIES INC. (MRAM) Form 10-Q — Aug 5, 2026
Everspin Technologies reported Q2 2026 revenue of $18.7 million, up 41.9% year over year, driven by higher product demand (product sales +38.1%) and a 62.2% jump in licensing, royalty and engineering services revenue. Six-month revenue rose 27.6% to $33.6 million, with gross margin improving to 53.9% from 51.3%. Despite the growth, GAAP net loss widened to $3.6 million ($0.15 per share) from $0.7 million a year earlier, primarily due to $4.0 million of litigation costs that pushed G&A expenses up 114.9%. On an adjusted basis, which excludes stock compensation, litigation costs and NRE fees, net income was positive at $2.9 million versus $0.7 million a year ago.
Key figures
- Revenue
- 18736000
- Revenue Yoy
- 41.9%
- Total Assets
- 89393000
- Cash Position
- 43896000
- Shares Outstanding
- 24350009
- Q2 Gross Margin
- 53.9%
- Six Month Revenue
- 33608000
- Ga Expense Growth Q2
- 114.9%
- Q2 Litigation Costs
- 4027000
- Six Month Revenue Yoy
- 27.6%
- Q2 Adjusted Net Income
- 2862000
- Six Month Gross Margin
- 53.4%
- Strategic Award Max Value
- 14600000
- Customer Concentration Q2
- Customer D 21% of revenue and 33% of accounts receivable
- Shares Outstanding June30
- 24271438
- Six Month Litigation Costs
- 5656000
- Six Month Adjusted Net Income
- 5495000
- Operating Cash Flow Six Months
- 729000
- Engineering Agreements Total Consideration
- 40300000
Price after filing
Close on the filing date to close N calendar days later (from $17.42). Historical, not a forecast.
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